1,227,876 Shares of Mobileye Global Inc. $MBLY Acquired by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds acquired 1,227,876 Mobileye shares valued at approximately $9.1 million, giving it about a 0.15% stake. Institutional investors collectively own 13.25% of the company.
• Analyst sentiment remains mixed: Mobileye has a consensus “Hold” rating and an average price target of about $11.23, while several firms recently lowered targets and Morgan Stanley maintained an Equal Weight rating.
• MBLY shares opened at $7.22, near the lower end of their 12-month range. Mobileye’s latest quarterly results beat expectations, with EPS of $0.19 versus a $0.06 estimate and revenue of $508 million.

Counterpoint Mutual Funds LLC acquired a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,227,876 shares of the company's stock, valued at approximately $9,074,000. Counterpoint Mutual Funds LLC owned about 0.15% of Mobileye Global as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MBLY. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Mobileye Global by 24.5% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,585,733 shares of the company's stock valued at $24,634,000 after buying an additional 705,400 shares during the period. Assenagon Asset Management S.A. increased its stake in Mobileye Global by 6.9% in the third quarter. Assenagon Asset Management S.A. now owns 2,586,131 shares of the company's stock valued at $19,112,000 after acquiring an additional 166,392 shares during the last quarter. Bank of America Corp DE raised its position in Mobileye Global by 5.8% during the first quarter. Bank of America Corp DE now owns 2,036,548 shares of the company's stock valued at $13,991,000 after purchasing an additional 111,215 shares in the last quarter. Pacer Advisors Inc. bought a new stake in shares of Mobileye Global during the 4th quarter worth $15,290,000. Finally, First Trust Advisors LP boosted its stake in Mobileye Global by 27.7% in the first quarter. First Trust Advisors LP now owns 1,152,499 shares of the company's stock valued at $7,918,000 after buying an additional 249,921 shares in the last quarter. 13.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MBLY. Zacks Research upgraded shares of Mobileye Global from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 21st. Barclays reiterated an "equal weight" rating and issued a $9.00 price objective (down from $14.00) on shares of Mobileye Global in a report on Wednesday, September 30th. UBS Group reduced their price objective on shares of Mobileye Global from $9.00 to $7.50 and set a "neutral" rating on the stock in a research note on Wednesday, October 7th. The Goldman Sachs Group reduced their price target on Mobileye Global from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 6th. Finally, Morgan Stanley cut their price objective on Mobileye Global from $10.00 to $9.00 and set an "equal weight" rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $11.23.

Insider Buying and Selling

In other Mobileye Global news, Director Frank Yeary purchased 12,360 shares of the company's stock in a transaction that occurred on Thursday, July 30th. The shares were acquired at an average cost of $7.98 per share, for a total transaction of $98,632.80. Following the completion of the acquisition, the director owned 12,360 shares of the company's stock, valued at $98,632.80. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Safroadu Yeboah-Amankwah bought 11,841 shares of the stock in a transaction dated Thursday, August 6th. The shares were acquired at an average price of $8.46 per share, for a total transaction of $100,174.86. Following the completion of the purchase, the director directly owned 84,336 shares in the company, valued at approximately $713,482.56. This trade represents a 16.33% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 10.00% of the company's stock.

Mobileye Global Stock Down 2.8%

Shares of MBLY opened at $7.22 on Friday. The stock has a market cap of $6.06 billion, a P/E ratio of -1.45, a P/E/G ratio of 2.43 and a beta of 1.25. The business's fifty day moving average is $8.10 and its 200 day moving average is $8.59. Mobileye Global Inc. has a 12-month low of $6.47 and a 12-month high of $15.19.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.13. The business had revenue of $508.00 million during the quarter, compared to the consensus estimate of $480.51 million. Mobileye Global had a positive return on equity of 0.70% and a negative net margin of 201.49%. The company's quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.08) EPS. On average, analysts expect that Mobileye Global Inc. will post 0.11 EPS for the current year.

Mobileye Global News Summary

Here are the key news stories impacting Mobileye Global this week:

• Positive Sentiment: Citigroup initiated coverage with a Buy rating and an $11 price target, implying substantial upside from MBLY’s recent $7.22 level. Citi highlighted Mobileye’s position as a global leader in vehicle-vision technology and its long-term opportunity in advanced driver-assistance systems. Citigroup Initiates Mobileye Global at Buy Rating, $11 Price Target
• Positive Sentiment: Analyst estimates compiled in a separate report put Mobileye’s average price target at approximately $11.25, suggesting that analysts collectively see meaningful recovery potential from current levels. Mobileye Global Inc. Stock Has Average Target Price of $11.25
• Neutral Sentiment: A Zacks industry outlook featured Mobileye alongside Hesai Group, keeping MBLY in focus within the vehicle-sensing and autonomous-driving technology sector. However, the available information does not identify a new earnings forecast or specific company catalyst. Zacks Industry Outlook Highlights Mobileye Global and Hesai Group
• Negative Sentiment: Morgan Stanley lowered its price target from $10 to $9 and maintained an Equal Weight rating. Although the revised target remains above the recent share price, the cut signals more limited near-term conviction and offsets some of Citi’s optimism. Morgan Stanley Lowers Mobileye Price Target

About Mobileye Global

Mobileye Global Inc is a technology company focused on advanced driver-assistance systems (ADAS) and autonomous driving. Its technologies are designed to help improve road safety and support automated driving through computer vision, artificial intelligence, sensor fusion and mapping.

The company develops and supplies products for automakers and mobility providers, including EyeQ system-on-chips, camera-based driver-assistance features, SuperVision hands-free driving technology, and autonomous driving platforms.

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